A luxury five-bedroom home originally built more than 100 years ago could shatter the record for Wellington's most expensive residential property.
The listing for 46 Hobson Street, in Thorndon, is seeking offers of more than $7.95 million – well above the city’s current record holder, a six-bedroom property on Clive Road, which sold for $5.75 million in March this year.
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Tommy’s Real Estate agent Phil Mears, who is marketing the house, says unlike in Auckland, these types of homes rarely come to market in Wellington.
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“For a Wellington market it’s a pretty high sale and a high-value home. There are plenty of houses that are way more expensive but they aren’t for sale as they don’t often come up on the market,” he says.
OneRoof records show the property, which has a 2018 rating valuation of $5.85 million, last changed hands in 2009, for $4.57 million. The current owner has carried out major renovation work since, with the two-storey house boasting top of the line fixtures and fittings, a grand formal dining room, a powder room and a tasting room, as well as a tennis court.
The house has a grand entrance and quality fixtures and fittings throughout. Photo / Supplied
Adding to its value is the fact it sits on a flat 2365sqm section and comes with an adjoining 454sqm property, at 165 Thorndon Quay, which is zoned commercial and provides tenanted car parking and spaces for two commercial tenants.
“It’s pretty rare to have a large flat piece of land in the middle of the city. Wellington is geographically challenged with hills and there’s not a lot of flat land,” he says, adding that property is split over six titles which provides buyers the opportunity to develop and sell each title separately.
Auckland’s most expensive property: a seven-bedroom home on Paritai Drive, in Orakei. Photo / New Zealand Herald
An $8 million-plus sale would break records in Wellington, but it would fall well short of Auckland’s most expensive residential sale, the $39 million paid for a seven-bedroom mansion on Paritai Drive, in Orakei.
It’s also short of this year’s highest sale price: $23 million for an Auckland waterfront home formerly owned by Kiwi film director Andrew Adamson.
OneRoof data shows that just over one percent of Wellington sales are in the $2 million-plus price bracket, while in Auckland the percentage is 7.9 percent.
Thorndon, which has a median property value of a more affordable $805,000, is a popular Wellington suburb close to the city’s waterfront and CBD.
It is not too far away from the Brooklyn mansion being sold by a former Russian politician for $3.95 million-plus.
That house at 19 Montieth Grove, Brooklyn, has seven-bedrooms and five bathrooms and stretches across a large 2278sq m section with panoramic views of the city.
